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100 sats \ 8 replies \ @WeAreAllSatoshi 11 Dec \ on: DNS payments: The best Bitcoin UX yet bitcoin
You listed a lot of benefits. Just to play devils advocate, what are some negatives or downsides of DNS payments?
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100 sats \ 0 replies \ @JuanGalt OP 11 Dec
The only way I could see it being better is if it was on a DNS system that was actually distributed rather than what we have today. Such a system does exist but it also has its trade-offs. And zero adoption. So as far as I can tell this is the best we're going to get for a long time.
One benefit I forgot to mention is you can create a hierarchy of different methods of payments on their this protocol and various wallets can choose their preferred form of payment from that list. So we can support legacy, segwit, etc etc etc and while it's getting intelligently route to the optimal payment option.
This is in my opinion a game changer, especially the contacts style user experience that it enables.
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0 sats \ 0 replies \ @Filiprogrammer 11 Dec
You have to trust the DNS server to serve you the correct BOLT12 offer and not slip its own one in there.
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0 sats \ 3 replies \ @gbks 11 Dec
New middlemen. In this case, Phoenix owns the domain and manages the DNS records. Users rely on Phoenix to operate this honestly and reliably.
Recommendation is to use these email-like DNS-based addresses only when needed - when being human-readable/understandable/writeable is actually important (e.g. it's not important when someone is scanning a QR code). Otherwise it's better to just use the bitcoin address (BOLT12, silent payment, etc) directly.
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0 sats \ 2 replies \ @JuanGalt OP 11 Dec
My dude. the domains is mine. tips@juangalt.com. this isnt lightning url.
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0 sats \ 1 reply \ @gbks 11 Dec
Sorry, didn’t look close enough. I assumed you used the default address provided by Phoenix, and not your own.
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0 sats \ 0 replies \ @JuanGalt OP 11 Dec
Right, that is the cool thing. You can use your own domain. And you use a feature called DNS sec to lock it in more apparently. Though I don't really understand it very well. But I think you're critique is actually on point anyway because most people probably won't use their own domain so use a service provider some third party. But perhaps there's some technologies that we can develop now to lock those in further as well.
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0 sats \ 1 reply \ @rizful_com 11 Dec
Probably the biggest downside right now is that LND nodes don't support Bolt 12, and LND nodes are 85%+ of the Lightning Network?
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0 sats \ 0 replies \ @JuanGalt OP 11 Dec
yeah, they will, or they will stay behind. this is a major UX breakthrough imo.
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